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Chancellor Rishi Sunak to offer 100 per cent guarantee on loans to small firms to help them survive lockdown

CHANCELLOR Rishi Sunak will offer 100 per cent guarantee on loans to small firms in a fresh bid to help them survive the lockdown.

Up to 20,000 businesses are still waiting for a cash lifeline as applications to banks get bogged down in form-filling.

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He also spoke to the bosses of individual lender banks next week in an effort to unblock the system.

Many shop owners, truckers and publicans are Tory voters and the Chancellor is expected to move this week to ensure they get the money they need.

The bosses organisation, the CBI, has backed the idea of 100 per cent guarantee and also called for extra financial aid for stricken firms.

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